Stephens Inc. AR Has $445,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Stephens Inc. AR lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 95.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,296 shares of the company's stock after selling 48,847 shares during the period. Stephens Inc. AR's holdings in Builders FirstSource were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $30,000. ORG Partners LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $33,000. First Horizon Advisors Inc. grew its holdings in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after acquiring an additional 75 shares during the period. Finally, New Millennium Group LLC acquired a new stake in Builders FirstSource in the second quarter valued at $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLDR. Truist Financial upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating and increased their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Oppenheimer restated an "outperform" rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Benchmark decreased their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Baird R W raised Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 7th. Finally, Barclays upped their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and a consensus target price of $206.47.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded up $2.31 during midday trading on Thursday, reaching $179.09. 1,826,371 shares of the company traded hands, compared to its average volume of 1,116,530. Builders FirstSource, Inc. has a 12 month low of $120.80 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83. The stock's 50-day simple moving average is $184.71 and its 200-day simple moving average is $168.52. The firm has a market cap of $20.86 billion, a PE ratio of 15.72, a PEG ratio of 10.17 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.69 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has approved a share buyback program on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.